Wells Fargo & Company (NYSE:WFC) finished Thursday with a subtraction of -$0.18 to close at $41.43, a downside of -0.43 percent. An average of 11,864,580 shares of common stock have been traded in the last five days. There was a fall of -$1.04 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 11,859,075 shares traded, while the 50-day average volume stands at 15,226,386.
WFC stock has decreased by -10.79% in the last month. The company shares reached their 1-month lowest point of $41.22 on 08/23/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $35.25 and a high of $48.84 in 52 weeks. It has reached a new high 20 times so far this year and achieved 0.34% or $0.14 in price. In spite of this, the price is down -15.17% from the 52-week high.
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Insider Transactions
WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 183 days ago on Mar 16. In this transaction, the insider spent $1,605,476. Sr. EVP and General Counsel, Patterson Ellen R, disposed of 2 shares at a price of $40.64 on Dec 22. The insider now owns more than $81 worth of shares.
Valuation Metrics
Wells Fargo & Company (WFC) has a trailing price-to-earnings (P/E) ratio of 10.33. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.09, the price-to-book (PB) ratio at 0.95, and the price-to-cash flow ratio at 5.85.
The company has a payout ratio of 29.70%. The company’s most recent quarterly dividend payment was $0.35 a share, representing a up of 16.67% from $0.30 last year. Its latest increase dividend $0.05 reported on Tuesday July 25 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.92 and a total debt to equity ratio of 0.92 for the quarter ending June 29. Its gross profit as reported stood at $44.95 billion compared to revenue of $54.02 billion.
Earnings Surprise
For the three-month period that ended June 29, Wells Fargo & Company had $170.63 billion in total debt. The analyst consensus anticipated Wells Fargo & Company’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.25, a 8.70% surprise. At the end of the quarter ending June 29, Wells Fargo & Company’s stock balance sheet showed total debt was $280.58 billion. Shareholders own equity worth $1.82 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Wells Fargo & Company (WFC) price momentum. RSI 9-day as of the close on 24 August was 22.55%, suggesting the stock is oversold, with historical volatility in this time frame at 15.84%.
As of today, WFC’s price is $41.91 -2.45% or -$1.04 from its 5-day moving average. WFC is currently trading -9.48% lower than its 20-day SMA and +10.83% higher than its 100-day SMA. However, the stock’s current price level is -2.86% below the SMA50 and -11.36% below the SMA200.
The stochastic %K and %D were 5.10% and 6.93%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 4.95% and the average true range at 0.87, the RSI (14) stands at 31.71%. The stock has reached -0.79 on the 9-day MACD Oscillator while the 14-day reading was at -1.44.
Analyst Ratings
Odeon downgraded Wells Fargo & Company (NYSE: WFC) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Wells Fargo & Company (WFC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WFC, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.
What is WFC’s price target for the next 12 months?
Analysts predict a range of price targets between $43.00 and $57.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for Wells Fargo & Company (WFC) stock is $50.57.
